A Furoshiki is a square piece of textile used for wrapping gifts or transporting clothing, boxes, and other goods.
This large Furoshiki was likely used to transport bundles of neatly folded kimonos and fabrics. The repeating graphic of pine leaves, with one leaf bent, surrounded by bold circles, is the logo of a kimono dealing business called "Matsubaya." The graphic was dyed with the Katasome (stencil). There is a playful air to the way the logo was used as a design.
It has a hole near one corner and has incurred some discoloration over time. It is these qualities that give the work an even more pronounced character. I encourage its next caretaker to think outside of the box and create something entirely different while remaining respectful to the piece at hand.